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It finally sold 25 million shares at $15 apiece on Thursday, at the low end of its target price range, raising $375 million in total proceeds, which it expects to use to pay down debt. (bit.ly/2P8GGSN). SolarWinds, whose clients include Accenture (ACN.N), oil giant Chevron (CVX.N), defense contractor Lockheed Martin (LMT.N), provides management software and operates in an industry expected to grow annually at 6.6 percent to around $53.6 billion by 2021, according to International Data Corporation.

The company was taken private in a $4.5 billion deal in 2015 by investment firms Thoma Bravo LLC and Silver Lake Partners, which also holds stakes in Tesla (TSLA.O), Alibaba Group (BABA.N), Ant Financial, Dell Technologies and Didi Chuxing, (reut.rs/2yqaKja), Silver Lake is the company’s biggest shareholder with a 44.3 percent stake after the offering, Thoma Bravo - an investor in cyber firm McAfee - holds 36.1 percent, SolarWinds reported revenue of $398.6 million for the first six months of 2018, up 17 percent from a year earlier, Net loss, however, st louis cardinals cufflinks and cushion money clip gift set widened to $86.9 million in the same period, from $45.7 million a year ago..

FRANKFURT (Reuters) - German carmaker Daimler AG (DAIGn.DE) said its operating profit would fall by over 10 percent this year, its second earnings warning since June, blaming “government proceedings and measures in various regions” as a crackdown on diesel emissions takes a toll. Daimler warned investors it expected its full-year earnings before interest and tax to be “significantly below” last year’s level. Earnings at Mercedes-Benz Cars, its main contributor, will likewise fall “significantly below” the prior-year level.

Analysts at Evercore ISI said in a note that the profit warning was not triggered by a slowdown in business, since demand for Mercedes-Benz cars remains high, but was caused by one-off factors such as regulatory and court rulings, The company did not gives details on what was behind the latest warning in a statement rushed out st louis cardinals cufflinks and cushion money clip gift set ahead of the scheduled release of quarterly earnings next week, A hit of up to 400 million euros ($460 million) was related to government proceedings into diesel and a European Court of Justice ruling around Mercedes’ use of banned cooling agent R134a, analysts at Evercore ISI said..

The Stuttgart-based owner of Mercedes-Benz is being investigated for its diesel emissions in Europe and the United States, and last month announced Chief Executive Dieter Zetsche would step down in 2019 to become chairman from 2021. The company’s shares fell to a five-year low on the news, dragging other European auto stocks lower, before paring some of the losses. The European auto sector index .SXAP fell 3.8 percent to a two-year low. The warning from Daimler came after economic growth in China, a major market for carmakers, slowed to its weakest quarterly pace since 2009.

Adding to concerns about the broader sector, Swedish truckmaker Volvo (VOLVb.ST) forecast slower demand for trucks in Europe and China next year, while French tire maker Michelin (MICP.PA) cut its full-year market forecasts on Thursday, Daimler rushed out the st louis cardinals cufflinks and cushion money clip gift set release of third-quarter earnings figures that fell well short of market expectations, The profit warning comes amid friction between the German government and carmakers over who pays for expensive retrofits of new exhaust systems for polluting older vehicles, and an ongoing probe by U.S, authorities into emissions..

In May, German prosecutors searched Daimler offices as part of a fraud probe related into possible manipulation of exhaust-gas after-treatment in diesel cars. A spokesman for the Stuttgart prosecutor’s office on Friday said there was “nothing new” to say about this investigation, which is ongoing. In February 2016 the United States Environmental Protection Agency asked Mercedes-Benz to explain emissions levels in some of its diesel cars. The Stuttgart-based company also reported lower unit sales from its vans division due to delivery delays; and the need to recognize costs related to a European Court of Justice ruling on vehicles using an old coolant.

(Reuters) - Schlumberger NV (SLB.N), the world’s largest oilfield services provider, reported a slight profit beat on Friday but cautioned that North American growth would slow due to transportation bottlenecks and hurt results next quarter, Although quarterly profits rose from a year ago, the company has been hit by slower-than-anticipated growth in st louis cardinals cufflinks and cushion money clip gift set the largest U.S, Permian Basin, Production has outpaced available pipeline takeaway capacity and driven prices lower, but Schlumberger expects the bottlenecks to be resolved in the next 12 to 18 months..

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